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Las Cruces 88005
535 PHILLIPS Drive
$140,000
● House - Off Market

535 PHILLIPS Drive

Las Cruces, NM 88005
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
$181,295
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

This is a fixer upper. Original hardwood floors but just need to be refinished. Kitchen and bathrooms need updating.  Carport has been converted to a family room. So 3 bedrooms 1 full & 1/2 bath plus 3 bedrooms and kitchen with eating area. This could be an adorable property as all the others in the neighborhod!!

Please call realtor for additional information.
Unit Size
-
Days on Market
108 days
Land Size
0.18 acres
Price per sqft
-
Property Type
House
Property Taxes
$71
HOA Dues
-
Year Built
1955

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (GEPAR MLS #875771)

Price History

Date / Event Date Event Price
May 12, 2023 Sold
Premium
Sold
Jan 24, 2023 Listed by The Real Estate Power Houses $179,900
Listed by The Real Estate Power Houses

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1980
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 7
  • Interior Walls Type: 6
  • Roof Shape Type: 1
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Garage Square Area: 609
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,700
  • Total Building Area: 1,467
  • Gross Building Area: 1,467
  • Building Area: 1,467
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 2
  • Heating: 4
  • Heated Square Feet: 1,467
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: POLSTON ADDN SUB
  • Land Acres: 0000000177
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: SUBD: POLSTON ADDN SUB (BK 7 PG 39 - 53) LOT: 5 BLOCK: D S: 12 T: 23S R: 1E

Neighborhood

  • School District Name: Las Cruces Public Schools
  • Census Tract: 000300

Zoning

  • Zoning: R1

Geography

  • Account Number: R0201460
  • Parcel: 02-01460
  • Block: D
  • Lot: 5
  • Meridian: SEC 12 TWN 23S RNG 01E
  • Latitude: 32.3242
  • Longitude: -106.791

    Address

  • Full Address: 535 Phillips Dr
  • Address - House Number: 535
  • Address - Street Name: Phillips
  • Address - Suffix Type: Dr
  • State: NM
  • City Name: Las Cruces
  • Carrier Code: C005
  • 4-Digit Zip Code: 1655
  • Zip Code: 88005

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $83,668
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 2IN_R

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 77
  • Final Value: 181,659
  • High Value: 213,013
  • Low Value: 150,305

    Market Valuation

  • Market Total Value: $81,158
  • Market Land Value: $18,879
  • Market Improvement Value: $62,279

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,053
  • Assessed Land Value: $6,293
  • Assessed Improvements Value: $20,760

    Sales

  • Current Sale Contract Date: May 12, 2023
  • Current Sale Recording Date: May 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9898
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Las Cruces

Stats & Trends

Median Asking:

$284,000

Sale Price/ft²

$154

Below Asking

0.01%

Average Days on Market

93

Average Home Size

777 ft²

Average Home Age

57.5 years

Currently For Sale

2 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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GEPAR

Listed by: Ruth Ann Burkman, The Real Estate Power Houses
Last Updated: 5 months ago
Data Source: GEPAR, MLS# 875771
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Greater El Paso Association of REALTORS®. Real estate listings held by brokerage firms other than RH Advisors, Inc. and RHP Realty NJ, Inc. are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing brokers. Listing data is deemed reliable but not guaranteed. Copyright 2026 the Greater El Paso Association of REALTORS®, MLS Inc. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 535 Phillips Drive built and last sold?
The property at 535 Phillips Drive was built in 1955 and last sold on May 12, 2023 for $148,960.
How much is this home worth?
The estimated value of the home located at 535 Phillips Drive is $0.
What are some comparable homes to 535 Phillips Drive?
There are currently no comparable homes to 535 Phillips Drive.
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